Skip to main content

About your Search

20121201
20121231
STATION
LANGUAGE
Search Results 0 to 1 of about 2 (some duplicates have been removed)
CSPAN
Dec 10, 2012 8:00pm EST
england, the uk economy was flat. what more they think could the bank of england to and i wanted to know what you think, if there would be any gain in following the approach in canada or the u.s. in specifying how long interest rates would remain low. if you disagree with that, why? >> we do not believe in the bank of england that we have a crystal ball which enables us to foretell the future. so we simply do not know what we will be deciding six months, 12 years, -- 12 months, two years from now. what is important is to have sufficient transparency about how we will react to events as they unfold. we certainly do not want to want to leave vast uncertainty about our future actions. instead of saying interest rates will be low, but we would rather say is, we would rather talk about the actions in a way people are confident how we might react to events as they unfold. the proof of the success is that is that if you look at market interest rates, there is little difference in terms of what markets expect the yield curve to be, looking ahead, between those central banks willing to be mo
Search Results 0 to 1 of about 2 (some duplicates have been removed)